Instant reflections of life in Ghana today
Thursday February 22nd 2024
Election fever is growing. How about this from one of the main parties –
“NPP Flagbearer for the 2024 elections, Vice President Dr. Mahamudu Bawumia has promised to introduce a very simple, citizen- and business-friendly flat tax regime if elected president in the December elections.
Speaking at his first major public lecture at University of Professional Studies, Accra (UPSA), Dr. Bawumia also said his government will provide tax amnesty to individuals and businesses for a specified period. “My administration will introduce a very simple, citizen and business friendly flat tax regime. A flat tax of a % of income for individuals and SMEs (which constitute 98% of all businesses in Ghana) with appropriate exemption thresholds set to protect the poor,” he promised.”
Ghanaian citizens, like U.K, citizens will hardly be delighted to know that a “business and citizen friendly tax is on the way!”
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